South Korea Reports Rise in June Unemployment Claims
(MENAFN) Jobless claims in South Korea climbed last month, driven by growing employment demand across the manufacturing and construction sectors, according to official data released Monday.
The Ministry of Employment and Labor reported that 86,000 individuals applied for job-seeking benefits in June—a 2.4 percent increase compared to the same month last year. This rise follows a period of smaller, single-digit declines in May.
Applications for unemployment support rose notably in manufacturing, construction, transport, and warehousing. Conversely, fewer claims were filed within the lodging, restaurant, and public administration sectors.
Job-seeking benefits—part of the nation’s broader unemployment support system—are primarily funded through the government's employment insurance fund and are designed to assist jobless individuals in finding new employment opportunities.
In total, 654,000 people received benefits in June, marking a 5.0 percent year-over-year increase.
The financial outlay for job-seeking benefits also surged, rising 10.9 percent to 1.05 trillion won (equivalent to 761.1 million U.S. dollars) during the month, according to the Ministry of Employment and Labor.
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